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603 N Prospect St Cambridge, IL 61238

For Sale
$2,200,000

Commercial Sale - Cambridge, IL

Lot size:
1.06 Acres
Days on Market:
159
Last Refresh:
Dec 13 at 2:06 pm

Property Features for 603 N Prospect St

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Zoning
MULTI
APN
1807202012
Lot size
1.06 Acres

Building Details

Number of units
40
Roof type
Composition
Architectural style
Other

Lori Bonarek Realty (815) 518-2300 [email protected]

Listing agent Lori Bonarek (815) 518-2300 License #471022278

Listing date Jul 8, 2025

MLS# 12393172 Listing URL

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Cambridge, IL Multifamily Investment Opportunity

This listing features an investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion. The properties offer a total of 40 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide amenities such as a community room and coin-operated laundry facilities. The buildings are considered safe and secure and represent a turnkey portfolio with income potential in the affordable housing sector. The lot size is 1.06 acres.
Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Law Firm Spa & Massage Dental Office Clothing Store Auto Repair Shop Pharmacy Wholesale Shop Hotel & Motel Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cambridge
County
Henry
State
Illinois
Longitude
-90.192714
Latitude
41.308864

FAQs

What type of property is this?
Apartment building - Two well-maintained multifamily properties with 40 units near Cambridge, IL.
Where is this apartment building located?
The property is located at 603 N Prospect St Cambridge, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: - Portfolio of two multi-family properties totaling 40 units.; - Consistent rental income and strong occupancy history.; - Operates under HUD housing requirements.
More about this property
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